Question

A seller buys an item from a manufacturer for $9,500 he increases cost by %5 percent.What is the markup value?

Answer 1

Answer: $475

Step-by-step explanation:

Given : A seller buys an item from a manufacturer for $9,500 he increases cost by %5 percent.

i.e. The original cost of item = $9,500

Mark up percentage = 5% = 0.05

The formula given to find the mark up value is :_

$\text{Mark up}=\text{Original cost * percentage mark up}\\\\\Rightarrow\ \text{Mark up}=9500\times0.05=\ 475$

Hence, the mark up value = $475

Answer 2

The markup cost is 475 dollars!

Hope this helps!
♤MidnightQueen